Episodios

  • Ep 198: Tim Samway - Why GP Staking Is the Next Big Thing in Wealth

    Ep 198: Tim Samway - Why GP Staking Is the Next Big Thing in Wealth
    Jun 9 2025
    In this episode of Inside the Rope, host David Clark sits down with Tim Samway, founder of Scarcity Partners and former managing director of Hyperion Asset Management, to explore one of the most compelling trends in asset management—GP staking (General Partner staking). What if, instead of being on the paying end of fund management fees, you could invest in the fund managers themselves? That’s exactly what GP staking enables—and it’s gaining serious momentum in Australia. Tim breaks down: * What GP staking is and why it’s more than just private equity for funds * Why returns from GP staking (targeting 20%+ p.a.) can outperform traditional funds * The structural shift toward private markets and the rise of endowment-style investing * The red flags and green lights in assessing fund managers as businesses * Why private market exposure is still underrepresented in most Australian portfolios—and what’s changing Listeners will come away with a clearer understanding of how to access the "better side" of the fee equation and what makes the economics of fund management so attractive when scaled properly.
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    46 m
  • Ep 197: Craig Packer - Targeting 10% Without the Volatility: The Power of Private Credit

    Ep 197: Craig Packer - Targeting 10% Without the Volatility: The Power of Private Credit
    May 26 2025
    In this episode of Inside the Rope, host David Clark sits down with Craig Packer, Co-President of Blue Owl Capital – a $140 billion powerhouse in private lending. From humble beginnings to one of the fastest-growing alternative asset managers globally, Craig shares the inside story behind Blue Owl’s explosive rise, its strategy of targeting multi-billion-dollar private equity-backed companies, and how the firm is redefining the landscape of direct lending. 💡Key topics covered include: * Why US private credit markets dwarf those in Australia—and what that means for investors; *How Blue Owl generates equity-like returns (~10% p.a.) with lower volatility through senior secured loans; * Transparency, regulation, and addressing concerns of a “private debt bubble” in Australia; * How OCIC, their private wealth-focused fund, balances investor access with long-term stability; * The firm’s disciplined underwriting approach, default history, and what sets Blue Owl apart; *Craig’s philanthropic work and upcoming trip to Australia to engage with investors firsthand. 🔍 This episode offers a front-row seat to the future of private credit—told by one of the global leaders in the field.
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    1 h y 1 m
  • Ep 196: David Gribble - His Road to the Top at Alceon: Inside One of Australia’s Top Private Capital Firms

    Ep 196: David Gribble - His Road to the Top at Alceon: Inside One of Australia’s Top Private Capital Firms
    May 12 2025
    In this episode of Inside the Rope, David Clark speaks with David Gribble, the newly appointed CEO of Alceon, one of Australia's leading multi-strategy private capital firms. Against a backdrop of heightened market volatility and growing media scrutiny of private credit, David Gribble shares his perspective on the evolving role of private markets and how Alceon is positioning itself through this cycle. The conversation explores Gribble’s unique journey from engineering and investment banking to leading Alceon, and why the firm’s deep bench of local expertise, asset-backed focus, and collaborative investment approach offers clients confidence during periods of uncertainty. We also dive into how Alceon balances opportunity and risk across real estate credit, private equity, and structured credit—and why disclosure and proactive transparency are central to maintaining investor trust in the private markets space. As regulation looms and headlines focus on risks, this episode offers measured insight into the difference that experience, structure, and true alignment can make.
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    56 m
  • Ep 195: Andrew Lockhart - Beyond the Headlines: The Real Story Behind Private Credit’s Growth

    Ep 195: Andrew Lockhart - Beyond the Headlines: The Real Story Behind Private Credit’s Growth
    Apr 28 2025
    David Clark welcomes back Andrew Lockhart, Managing Partner of Metrics Credit Partners — one of Australia's largest private lenders and a major force shaping the future of private credit. With private credit markets booming — and critics warning of bubbles and risks — David and Andrew explore why private credit can play a critical role in a high-net-worth portfolio when approached with discipline and scale. They dive deep into the key metrics that investors should evaluate in private credit, including loss rates, diversification, liquidity management, and risk-adjusted returns. Andrew explains why Metrics' institutional-grade processes, governance standards, and proactive credit management position it at the centre of Australia’s private credit growth story — and why careful manager selection has never been more important. With insights into Metrics' $23 billion portfolio, how private credit compares to traditional bank lending, and how Metrics navigates the evolving regulatory landscape, this episode is essential listening for investors seeking income, stability, and diversification in today’s uncertain markets. Get a behind-the-scenes look at why Metrics is thriving amid industry scrutiny.
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    1 h y 5 m
  • Ep 194: David Neal - From Nation-Building to Member Outcomes: The Power of Long-Term Investing

    Ep 194: David Neal - From Nation-Building to Member Outcomes: The Power of Long-Term Investing
    Apr 14 2025
    After seven years of trying, we’ve finally done it—this episode of Inside the Rope features one of the most influential figures in institutional investment in Australia: David Neal, CEO of IFM Investors and founding CIO and former CEO of the Future Fund, Australia’s $300+ billion sovereign wealth fund. David takes us behind the scenes of building the Future Fund from the ground up—how a clean slate, a world-class board, and a clear long-term mandate allowed for a new investment philosophy rooted in flexibility, illiquidity premiums, and global best practice. We talk about the importance of strong governance, the benefits of a total portfolio approach, and why the endowment model still resonates in long-term capital allocation. Now at the helm of IFM Investors—a global institutional asset manager originally founded by Australian industry super funds—David shares insights into investing on behalf of working people, the tailwinds driving infrastructure investment globally, and why private markets are an increasingly powerful lever for value creation. IFM was conceived by a collective of Australian industry super funds with a bold ambition: to give working people access to the kinds of global, complex investments traditionally reserved for the ultra-wealthy. Today, IFM manages over $250 billion across infrastructure, private equity, credit, equities, and real estate—always with a clear mission to deliver strong, long-term outcomes for its members. If you're seeking clarity on private markets, this is a conversation not to be missed.
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    51 m
  • Ep 193: Laurence Marshbaum - Why More Families Are Embedding Philanthropy in Their Legacy

    Ep 193: Laurence Marshbaum - Why More Families Are Embedding Philanthropy in Their Legacy
    Mar 31 2025
    In this episode of Inside the Rope, David Clark is joined by Laurence Marshbaum OAM, founder of 10x10 Philanthropy and Community Capital, to explore how wealthy families can embed philanthropy into their legacy. Together, they discuss why more families are establishing Private Ancillary Funds (PAFs) and how strategic giving can sit alongside wealth creation and preservation. Laurence shares his journey from institutional fund management to purpose-driven investing, shedding light on how families can move beyond ad-hoc charitable donations to structured, impactful philanthropy that endures for generations. They discuss how fund managers and sophisticated investors are also stepping in to provide early-stage capital to high-impact, for-purpose organisations—bringing the same rigour they apply to financial markets to the social sector. Whether you're a family considering philanthropy for the first time, or looking to start the conversation, this episode will give you practical insights into how to create lasting social and financial value.
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    51 m
  • Ep 192: David Witkin: Navigating Market Volatility with Event-Driven Investing

    Ep 192: David Witkin: Navigating Market Volatility with Event-Driven Investing
    Mar 17 2025
    David Clark welcomes back David Witkin, Managing Partner of Beryl Capital, discussing event-driven investing and market opportunities. With a track record of delivering outstanding returns, Beryl Capital has been at the forefront of merger arbitrage and special situations, benefiting from corporate activity across global markets. As investors navigate a rapidly changing landscape—shaped by geopolitical shifts, artificial intelligence, and shifting economic policies—Witkin shares his insights on capital deployment, risk management, and where he sees opportunities in today’s market. He delves into the impact of the Trump administration’s policies on event-driven investing, the AI-driven demand for data centers and infrastructure, and how regulatory shifts could unlock new investment themes. Listen in to hear how institutional investors think about market cycles, risk-adjusted returns, and how high-quality research and execution can drive investment success.
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    35 m
  • Ep 191: Future Generation Women - Investing in Women: The Future of Wealth Management and Better Returns

    Ep 191: Future Generation Women - Investing in Women: The Future of Wealth Management and Better Returns
    Mar 4 2025
    In this episode of Inside the Rope, David Clark sits down with Catherine Allfrey of Wavestone Capital and Caroline Gurney, CEO of Future Generation, to explore why increasing female representation in funds management is not just about fairness—it’s about better outcomes for investors and the broader economy. We dive into the launch of Future Generation Women, a new fund exclusively managed by female portfolio managers, designed to drive both strong financial returns and positive social impact. Why are women statistically better long-term investors? How is gender inequality costing the Australian economy $128 billion annually? And what can both men and women do to accelerate progress in wealth management? This episode is packed with insights on the next generation of wealth transfer, the importance of financial education for women, and how investors can be part of the solution. Whether you're an investor, adviser, or simply passionate about equality, this conversation will challenge perspectives and inspire action.
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    33 m
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